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To: Zeev Hed who wrote (7130)	8/13/1998 10:24:00 AM
From: Bosco	Respond to of 14347

[offtopic] Dear Zeev - the scary thought is that there are cos dumb enough to commit floorless or quasi-floorless even though they are not in dire financial needs. Of course, still, shame on me for investing in inept managements who would do something stupid as that. I mean, if they are back against the wall, at least, one could construct a sympathetic scenario, but causing massive dilution with no apparent reasons is hard to swallow. But then, it surely is a cheap way to take the co private <SG>! best, Bosco

To: Zeev Hed who wrote (7130)	8/13/1998 10:28:00 AM
From: Dnorman	Read Replies (2) \| Respond to of 14347

Zeev: I was glad to see the explanation that floorless means that they can't get conventional financing. If I see a company issuing convertibles, is this a danger sign? Is their a possibility of getting a brief overvue of what to look out for (floorless) when doing an analysis of a stock? Thanks Dennis